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#nigeriangovernment — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #nigeriangovernment, aggregated by home.social.

  1. Context: the black (aka "parallel") market exchange rate (USD$1 ≈ NGN800) is much higher than the #CentralBankOfNigeria rate (≈ N490) so some can profit off the difference, and authorized dollar payments are effectively subsidized by the #NigerianGovernment. I understand each bank has an allocation so the dollar spending limits per customer are to make it go round. US Dollar cards and accounts are the cumbersome alternative, but can still be rejected by a lot of online vendors at checkout.